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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Haim R. Branisteanu who wrote (46060)	2/1/2009 4:49:42 PM
From: Elroy Jetson	Read Replies (5) \| Respond to of 219554

The standing the U.S. had in the 1950s stemmed from the fact that most other industrialized nations were smoking ruins. I'm not impressed with the education which gave rise to that era. Most college graduates tried to impress with the number of poems they had memorized and their ability to read ancient Greek. Education in practical crafts leading to manufacturing and product development were looked down upon as fit for a tradesman. .

To: Haim R. Branisteanu who wrote (46060)	2/2/2009 1:10:44 AM
From: elmatador	Respond to of 219554

Credit returning to normal in Brazil-cenbank "Fortunately Brazil is one of the few emerging and developing countries which has the resources to replace the international credit," As the case of GM below says Meirelles told Reuters at the annual meeting of the World Economic Forum in Davos, Switzerland. No fleecing this time around... Credit returning to normal in Brazil-cenbank By Nichola Groom DAVOS, Switzerland, Jan 31 (Reuters) - Credit conditions will return to normal in Brazil within two months due to government efforts to unlock lending, Central Bank President Henrique Meirelles said on Saturday. "Fortunately Brazil is one of the few emerging and developing countries which has the resources to replace the international credit," Meirelles told Reuters at the annual meeting of the World Economic Forum in Davos, Switzerland. "We would expect that the total supply of credit, domestic and external, be normalized within 30 to 60 days." Domestic credit supplies had already returned to pre-crisis levels, Meirelles said. This month, Brazil said it would set aside some $20 billion of its international reserves for more than 4,000 domestic companies with foreign debt maturing from Sept. 2008, when the global economic crisis deepened, until the end of 2009. The bank's strategy made up for the decline in supply of foreign credit to Brazilian companies, eventually lowering financing costs in the domestic market as well. Brazil has more than $200 billion in foreign reserves. Before the credit crisis took its toll on emerging markets, Brazilian companies were rolling over all of their foreign debt as well as taking on additional loans abroad. Also on Saturday, Meirelles said he expected Brazilian economic growth to be above the world average in 2009. "Most of the forecasts I have seen project Brazil growing 1 percent higher than the world average," Meirelles said in an interview at the annual meeting of the World Economic Forum. Earlier this week, the International Monetary Fund slashed its 2009 growth forecast for the world economy to 0.5 percent. Brazil, in December, said its economy would grow 4 percent in 2009 but Meirelles would not comment specifically on that target. For full coverage, blogs and TV from Davos go to www.reuters.com/davos (Editing by Mike Peacock)

To: Haim R. Branisteanu who wrote (46060)	2/3/2009 1:12:25 AM
From: elmatador	Read Replies (1) \| Respond to of 219554

Brazil will lower interest rate to 9.75% by mid-09 vs earlier forecast 11.75%. First time in 35 years low inflation and low interest rates combines for perfect storm. We've got ammo. Once it loaded and the guns are ablaze do not stay closer... Morgan Stanley Revises Brazil Rate-Cut Forecast to 9.75 Percent Email \| Print \| A A A By Lester Pimentel Feb. 2 (Bloomberg) -- Morgan Stanley said Brazil will lower is benchmark interest rate to 9.75 percent by mid-2009, revising its earlier forecast that the country would cut the rate to 11.75 percent. Brazil’s central bank will reduce its lending rate by 100 basis points in each of its next three policy-setting meetings from 12.75 percent, said Marcelo Carvalho, Morgan Stanley’s chief economist for Brazil. Colombia’s central bank will lower its key lending rate to 6 percent from 9 percent, said Boris Segura, a Latin America economist at Morgan Stanley in New York. The firm previously forecast the rate would be cut to 8 percent by year-end. To contact the reporter on this story: Lester Pimentel in New York at lpimentel1@bloomberg.net Last Updated: February 2, 2009 11:24 EST